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it negates the fiscal cliff of across the board tax increases and sweeping government other agencies but many house republicans said that they were opposed to the bill because they didn't cut federal spending and they were hoping gop leaders will give the house a chance to amend the bill and send it back to the senate. democrats are saying enough is enough. >> we could allow us to go over or we can try to come together and pass something that something probably on both sides of the aisle no one agrees with 100% of. >> what we're going to do in the present plan is put nearly another trillion dollars worth of debt on the american people. time is running out to change the direction because that trillion dollars isn't just a problem for the next generation, it's a problem for corporate america, it's a problem for every american. >> the deal approved by the senate continues tax breaks for those earning less than $400,000 and for couples earning less for 450,000. it raises taxes on wealthiest americans. house republicans are supposed to meet twice today about the bill no decision expected
it negates the fiscal cliff of across the board tax increases and sweeping government other agencies but many house republicans said that they were opposed to the bill because they didn't cut federal spending and they were hoping gop leaders will give the house a chance to amend the bill and send it back to the senate. democrats are saying enough is enough. >> we could allow us to go over or we can try to come together and pass something that something probably on both sides of the aisle...
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well there is one major hurdle left for this fiscal cliff deal that, is a vote later today in the house of representatives, perhaps as early as 1:00 in the afternoon. the senate voted well after the ball dropped in the early hours of the morning, passed overwhelmingly with lots of support from both sides. the final tally was 89-8. >> shouldn't have taken us this long to come to an agreement and this shouldn't be the model for how we do things around here but i appreciate the vice president's willingness to get this done for the country. >> reporter: vice president biden negotiated the deal with senate republicans over the weekend, but he also came to the hill last night to sell democrats on the plan some of whom thought there were too many tax giveaways to the rich in this deal. the plan makes permanent the bush era tax cuts on individuals making under $400,000 a year it also does the same for $450,000 worth of income for families. it also postpones harsh across the board spending cuts for a couple of months and now all eyes turn to the house. the speaker said last night he would hold a
well there is one major hurdle left for this fiscal cliff deal that, is a vote later today in the house of representatives, perhaps as early as 1:00 in the afternoon. the senate voted well after the ball dropped in the early hours of the morning, passed overwhelmingly with lots of support from both sides. the final tally was 89-8. >> shouldn't have taken us this long to come to an agreement and this shouldn't be the model for how we do things around here but i appreciate the vice...
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senate approved a deal to avoid the fiscal cliff this morning. rene marsh is live with what will probably happen after the house reconvenes this morning. good morning, rene. >> reporter: good morning, tori. they should be on capitol hill about in 15 minutes. what we're learning this morning something all of the house republicans will meet to discuss this fiscal cliff package. it's now in their land. what will they do with it -- what will they do? could tomly kate things more -- could -- to complicate things more, eric canter has said they are not sure if they will vote on it today. we're just waiting to see what happens. let's talk about last night. vice president biden was on the hill. biden and senate republican leader, mitch mcconnell, they both worthed together very closely to work out -- worked together to work out this compromise. and we now know that individuals making more than 400,000 and families making more than $450,000 will see their taxes go up. and while those automatic spending cuts are delayed until the beep ginning of march, the
senate approved a deal to avoid the fiscal cliff this morning. rene marsh is live with what will probably happen after the house reconvenes this morning. good morning, rene. >> reporter: good morning, tori. they should be on capitol hill about in 15 minutes. what we're learning this morning something all of the house republicans will meet to discuss this fiscal cliff package. it's now in their land. what will they do with it -- what will they do? could tomly kate things more -- could --...
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. >>> the country has gone over the so-called fiscal cliff. as the midnight deadline for a deal came and went. and now the house is expected to vote on the bill today. >>> plus-- two separate shootings. and at least ten people arrested for public intoxication in san francisco. as the city rang in the new year. a live >>> and taking a live look outside from our roof camera. glancing back at san >>> shots fired in two separate incidents in san francisco as the city celebrated the >>> officers have also arrested at least ten people in the embarcadero area for public intoxication and other misdemeanors. >>> to get you more news faster we turn to kron-four solo >>> police say two people died and three others were injured in a new year's eve shooting. after a fight in a restaurant in the old sacramento area. it happened last night outside the sports corner cafÉ. police say some 40-thousand people were gathered in old sacramento for a fireworks show when the gunfire erupted. officials then canceled the midnight celebration. police are still searchin
. >>> the country has gone over the so-called fiscal cliff. as the midnight deadline for a deal came and went. and now the house is expected to vote on the bill today. >>> plus-- two separate shootings. and at least ten people arrested for public intoxication in san francisco. as the city rang in the new year. a live >>> and taking a live look outside from our roof camera. glancing back at san >>> shots fired in two separate incidents in san francisco as the...
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the last-minute deal that could avoid that "fiscal cliff." when we come back. ,, ,,,,,,,,,, to give a break cancer survivor a lifetime-- that's definitely a fair trade. whoo! you walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in history? because everyone deserves a lifetime. visit the3day.org to register or to request more information and receive a free 3-day bracelet today. ♪ building up from deep inside it was 3 days of pure joy. susan g. komen's investments in early detection and treatment have helped reduce breast cancer mortality in the u.s. by 33% since 1990. help us continue serving the millions of women and men with breast cancer who still need us every day. register for the 3-day now. (woman) it's just been an amazing, amazing journey. i love these people. ♪ and it's beautiful dance class, shopping, and more. so do something nice for it. chevron with techron
the last-minute deal that could avoid that "fiscal cliff." when we come back. ,, ,,,,,,,,,, to give a break cancer survivor a lifetime-- that's definitely a fair trade. whoo! you walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in history? because everyone deserves a lifetime. visit the3day.org to register or to...
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senate approved a deal after the so called fiscal cliff this morning. we have more joining us live to tell us what is likely to happen when the house reconvenes this morning, renee? >> reporter: that's right, dave, the house will be back on capitol hill in just over two hours and once the house passes it, if they do pass it, we saw vice-president joseph biden on capitol hill and that was the key signal that negotiators had struck a deal. senate leader and mission mcconnel -- mitch mcconnel was working out the compromise when vice-president joseph biden was on the hill he talked with fellow democrats and briefed them and legs laying was drafted. we now know -- legislation was drafted. we now know families making more than 450,000 dollars a year will see their taxes go up and while those automatic spending cuts are deferred until the beginning of march, the bill does provide for $24 billion in savings over the next 2 months. half will come from revenue and a half comes from the house and 89 voted for and 88 voted against it. >>> vigils will be held in two
senate approved a deal after the so called fiscal cliff this morning. we have more joining us live to tell us what is likely to happen when the house reconvenes this morning, renee? >> reporter: that's right, dave, the house will be back on capitol hill in just over two hours and once the house passes it, if they do pass it, we saw vice-president joseph biden on capitol hill and that was the key signal that negotiators had struck a deal. senate leader and mission mcconnel -- mitch...
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senate passed a last minute deal to try to keep the country from dropping on the fiscal cliff. here is more on why all eyes are on the house. >> reporter: the senate calmed a lot of fears by passing their measure 89-88 this morning. the house of representatives still has to vote on it sometime today or tomorrow. the means this for americans, income tax rates will increase on couples making more than $450,000 a year or more and individuals bringing in more than 400,000. it blocks spending cuts for military programs and extends federal unemployment benefits for 2 million americans for one year and prevents that spike with milk prices. this all comes after 11th hour and mix mcconnel. >> this should not be the way we do things around here but i think we can say we have done some good for the country >> reporter: house speaker john boehner did not endorse the agreement but has promised a vote on it or a gop amendment right away. he will get back to it in less than four hours and will continue pawing through the more than 750 paint measure. carla campbell, ktvu channel 2 morning news
senate passed a last minute deal to try to keep the country from dropping on the fiscal cliff. here is more on why all eyes are on the house. >> reporter: the senate calmed a lot of fears by passing their measure 89-88 this morning. the house of representatives still has to vote on it sometime today or tomorrow. the means this for americans, income tax rates will increase on couples making more than $450,000 a year or more and individuals bringing in more than 400,000. it blocks spending...
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we have a down tot wire deal. >> the senate passes a bill to ease the pain of the "fiscal cliff." the one final hurtle to cross in the next couple of hours. >> reporter: tens of thousands lined up on the embarcadero to take in the new year's eve fireworks but police say some celebrations turned violent. we'll have the details in a live report. >>> and a ritzy new york couple busted with weapons and a bomb stash. but that's not all. the book that has police so concerned. keep it right here. we'll be back. ,,,, p [ female announcer ] pillsbury crescents on their own are fantastic but add some sauce, pepperoni and cheese and fold up the crescent dough...and presto! tuesday night just became crescent pizza pocket-tastic pillsbury crescents. let the making begin here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits dance class, shopping, and more. so do something nice for it. chevron with techron. care for your car. i'm grace lee michelle has the >>> america rings i
we have a down tot wire deal. >> the senate passes a bill to ease the pain of the "fiscal cliff." the one final hurtle to cross in the next couple of hours. >> reporter: tens of thousands lined up on the embarcadero to take in the new year's eve fireworks but police say some celebrations turned violent. we'll have the details in a live report. >>> and a ritzy new york couple busted with weapons and a bomb stash. but that's not all. the book that has police so...
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we're going to give you the late terrell owens fiscal cliff. they reached a tentative deal yesterday, but they will have to go to the house to vote on that and obviously to president obama. we'll let you know what happens with that. here's a live look outside. i can tell you at 4:27 in the morning on any other day would not be as crowded. you can see many cars in that direction still not a problem anywhere in the bay area. welcome back. time now is 4:29 in the morning as we take a live look outside from a roof camera at downtown san francisco. we'll be checking in with erica who has a look at your forecast in just a few minutes from now. now, get this. they had weeks, months to work on it, but of course they waited until the very last minute, scaring the entire nation. a m was proved on tax incruises and spending cuts, possibly avoiding the fiscal cliff. now the m goes to the house of representatives. ed payne has the story. >> reporter: at the stroke of med night, many americans were celebrating and bringing in the new year. but the mood in wa
we're going to give you the late terrell owens fiscal cliff. they reached a tentative deal yesterday, but they will have to go to the house to vote on that and obviously to president obama. we'll let you know what happens with that. here's a live look outside. i can tell you at 4:27 in the morning on any other day would not be as crowded. you can see many cars in that direction still not a problem anywhere in the bay area. welcome back. time now is 4:29 in the morning as we take a live look...
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half of the fiscal cliff equation. however, it's only a deal in principle. the deal raises the tax rate from 35% to more than 39% for households making more than $450,000 a year. but it puts off decisions on $110 billion in across the board spending cuts to military, and domestic programs. we get more now on capitol hill. >> reporter: a very happy new year for the senate, closing out 2012 with a deal. hammering out a compromise on spending cuts. deal or no deal, the u.s. is destined to go over the cliff, because the house convened monday night. earlier in the day, tough words for republicans. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that's going to be the formula for how we solve this thing, they have another thing coming. that's not how it's going to work. >> reporter: the deal will extend unemployment benefits, and bring back higher clinton era taxes on top earners. an increase in extensions from households earning $250,000 a year, reportedly t
half of the fiscal cliff equation. however, it's only a deal in principle. the deal raises the tax rate from 35% to more than 39% for households making more than $450,000 a year. but it puts off decisions on $110 billion in across the board spending cuts to military, and domestic programs. we get more now on capitol hill. >> reporter: a very happy new year for the senate, closing out 2012 with a deal. hammering out a compromise on spending cuts. deal or no deal, the u.s. is destined to go...
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senate has reached a deal in the fiscal cliff negotiations. cnn is reporting they just voted to approve it. all the details of the deal and what it means for you and your finances. >> reporter: lawmakers postponed the automatic spending cuts that would have hit the pentagon and other federal agencies this week. they did strike a deal on taxes. three hours before the midnight deadline, senate majority leader mitch mcconnell and vice president joe biden emerged with a compromise on taxes and agreed to wait on slashing spending. >> this was the mini cliff. the big cliff still lies in front of us. >> reporter: president obama had scolded congress for waiting so long. >> one thing we can count on with respect to this congress is that if there's even one second left before you have to do what you're supposed to do, they will use that last second. >> reporter: the bush-era tax cuts remain in place for individuals earning as much as $400,000 a year, far above the 250,000 level on which president obama campaigned. but those making more will see higher
senate has reached a deal in the fiscal cliff negotiations. cnn is reporting they just voted to approve it. all the details of the deal and what it means for you and your finances. >> reporter: lawmakers postponed the automatic spending cuts that would have hit the pentagon and other federal agencies this week. they did strike a deal on taxes. three hours before the midnight deadline, senate majority leader mitch mcconnell and vice president joe biden emerged with a compromise on taxes...
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half of the fiscal cliff equation. however, it's only a deal in principle. the deal raises the tax rate from 35% to more than 39% for households making more than $450,000 a year. but it puts off decisions on $110 billion in across the board spending cuts to military, and domestic programs. we get more now on capitol hill. >> reporter: a very happy new year for the senate, closing out 2012 with a deal. hammering out a compromise on spending cuts. deal or no deal, the u.s. is destined to go over the cliff, because the house convened monday night. earlier in the day, tough words for republicans. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that's going to be the formula for how we solve this thing, they have another thing coming. that's not how it's going to work. >> reporter: the deal will extend unemployment benefits, and bring back higher clinton era taxes on top earners. an increase in extensions from households earning $250,000 a year, reportedly t
half of the fiscal cliff equation. however, it's only a deal in principle. the deal raises the tax rate from 35% to more than 39% for households making more than $450,000 a year. but it puts off decisions on $110 billion in across the board spending cuts to military, and domestic programs. we get more now on capitol hill. >> reporter: a very happy new year for the senate, closing out 2012 with a deal. hammering out a compromise on spending cuts. deal or no deal, the u.s. is destined to go...
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vote is expected any minute now on fiscal cliff deal. we'll bring you the very latest from washington. >> plus the new state law on the books tomorrow. talk about some of them tonight but we look at one designed to better protect your social media account. those stories and more tonight on 7 news at 11:00 over on channel 7. >>> larry hear and it was a pink slip day in the nfl wasn't it. >> a lot of thanks for the time, security will escort you out. unfortunately the new year will begin with a lot of teams looking for new coaches. kind of black monday carnage for 7 head coaches today. most of the moves pretty much expected this one was surprising. chicago bears parting way was love smichlt he led the fwirs superbowl in 2006 but the spwrairs only made the play offs in 3 of his nine years with the team. some was rebuilding so understood but they started the season this year 7 and 1. finished 10 and 6 and missed the play off. that was fatal. after 14 years with the eagle andy reid fired today. no surprise. winnin winningest coach in team his
vote is expected any minute now on fiscal cliff deal. we'll bring you the very latest from washington. >> plus the new state law on the books tomorrow. talk about some of them tonight but we look at one designed to better protect your social media account. those stories and more tonight on 7 news at 11:00 over on channel 7. >>> larry hear and it was a pink slip day in the nfl wasn't it. >> a lot of thanks for the time, security will escort you out. unfortunately the new...
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the white house and the gop have reached a deal on the fiscal cliff. live in washington, d.c. with what just happened. >> reporter: we are waiting for the vice president to arrive on capitol hill. this is his chance to sell the deal to democrats. there is no vote planned on the floor, though one could come at any time after democrats meet. president obama and leaders say they are close to a deal but it is on a smaller scale. a deal would raise taxes on families making more than $450,000 and extend unemployment benefits. >> we will work on finding smarter ways to cut spending. but let's not let that hold up perecing americans -- protecting americas. >> reporter: here is where they have been struggling, automatic spending cuts to the trillion dollars mark. it would effect the defense department and social programs. >> wee using -- we are using an ax instead of a scalp. >> reporter: even if there is a vote tonight in the senate the house still has toapprove something and they have -- to approve something and they have already gone home. they will be back on new year's day. ktvu c
the white house and the gop have reached a deal on the fiscal cliff. live in washington, d.c. with what just happened. >> reporter: we are waiting for the vice president to arrive on capitol hill. this is his chance to sell the deal to democrats. there is no vote planned on the floor, though one could come at any time after democrats meet. president obama and leaders say they are close to a deal but it is on a smaller scale. a deal would raise taxes on families making more than $450,000...
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the white house and the gop have reached a deal on how to avoid the "fiscal cliff." the news comes just three hours before the new year's deadline. cbs 5 reporter grace lee on where it all stands now. grace. >> reporter: late developments brian. this all coming together in the last several minutes. what we have just learned is that the senate will be voting tonight before midnight. that's the deadline and you can see we have a live look at the u.s. capital as of right now. we are also just hearing that the vice president is headed right here to the capital to brief senate democrats on the details of the deal that they will be voting on toinght. for individuals making more than 400,000 or households more than $450,000, their tax rates are expected to go up next year. for two million jobless americans, their unemployment benefits should be extended at least another year. and that so-called inheritance tax will go from 35 to 40%. but even with all these compromises, it is likely that most of us will be shelling out more cash to the irs come next year. >> you know, keep
the white house and the gop have reached a deal on how to avoid the "fiscal cliff." the news comes just three hours before the new year's deadline. cbs 5 reporter grace lee on where it all stands now. grace. >> reporter: late developments brian. this all coming together in the last several minutes. what we have just learned is that the senate will be voting tonight before midnight. that's the deadline and you can see we have a live look at the u.s. capital as of right now. we...
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. >> this looks like a bad deal. >> reporter: the country is expected to go over the fiscal cliff because there is almost no way to move a deal before midnight. but once a deal was passed it could reverse spending cuts and tax hikes before they make an impact. >> depending on the advantage point, the fiscal cliff looks different to different team. and consumer editor tom vacar is here now with three views, washington, business and taxpayers. >> reporter: three indeed. it is not if we are going off the cliff, it is how hard we are going to hit. >> what we want done here is structure and certainty. >> reporter: there will soon be a deal. >> i think it is the consequences that people really didn't like to see. >> reporter: that is the view from wall street. what they are thinking here on main street. >> be on my comprehension, you know. such a important thing. not leave it for the last minute. >> i think it is apparent they don't answer their constituents anymore. there is interests and lobbyists that are controlling the decision making and we are an after thought now. >> they should do some
. >> this looks like a bad deal. >> reporter: the country is expected to go over the fiscal cliff because there is almost no way to move a deal before midnight. but once a deal was passed it could reverse spending cuts and tax hikes before they make an impact. >> depending on the advantage point, the fiscal cliff looks different to different team. and consumer editor tom vacar is here now with three views, washington, business and taxpayers. >> reporter: three indeed. it...
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but still, not a lot of time to mitigate all the effects of the "fiscal cliff." i'm grace lee, cbs 5. >>> amazingly the stock market didn't step off a cliff. in fact, the dow ended higher today. supposedly based on hope that a deal would be reached. it closed out 2012 with a 7% gain. nasdaq and s&p 500 also ended higher. >>> new details tonight in the murder of a teenaged girl in oakland over the weekend. she has been identified by oakland police as 15-year-old jubrill jordan. she was killed and a 14-year- old boy wounded near 66 and lion yesterday as they walked to a nearby bart station. witnesses say the shooter was also a teenager possibly as young as 13. >> my grand kid come to my house every, single day, kid they like to go to places, to friends' house, they take off though their little friends house and these fools out here killing each other. it's not right. >> the shooting brings oakland's homicide total to 131 for the year a 27% increase from last year. >>> remember all that christmas shopping that you did? good timing. as cbs 5 reporter mike sugerman te
but still, not a lot of time to mitigate all the effects of the "fiscal cliff." i'm grace lee, cbs 5. >>> amazingly the stock market didn't step off a cliff. in fact, the dow ended higher today. supposedly based on hope that a deal would be reached. it closed out 2012 with a 7% gain. nasdaq and s&p 500 also ended higher. >>> new details tonight in the murder of a teenaged girl in oakland over the weekend. she has been identified by oakland police as 15-year-old...
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our time, to reach a deal to avoid that fiscal cliff. now, if the lawmakers miss the deadline income taxes are set to go up for all americans. >>> and overnight fire on athens street in san francisco destroyed this house. two people had to be treated for smoke inhalation. the fire caused a gas line to rupture outside of the home. it took a couple of hours for pg&e crews to get there, dig up the road and then turn off that gas line. >>> and officials in san francisco are saying if you are going out for a new year's eve party, ride mass transit. 250,000 people are expected to be at san francisco's fire works show on the waterfront. ktvu's allie rasmus is here now to tell us how b.a.r.t. and muni are preparing for all of those crowds. allie? >> reporter: well, these muni buses and cable cars are pretty backed right now, you this re only gonna -- but they are only gonna get busier as the day goes on. thousands people are expected to come here for various parties and events. when it comes to getting into the city on new year's eve, many peopl
our time, to reach a deal to avoid that fiscal cliff. now, if the lawmakers miss the deadline income taxes are set to go up for all americans. >>> and overnight fire on athens street in san francisco destroyed this house. two people had to be treated for smoke inhalation. the fire caused a gas line to rupture outside of the home. it took a couple of hours for pg&e crews to get there, dig up the road and then turn off that gas line. >>> and officials in san francisco are...
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. >> congress goes back to work trying to avoid the fiscal cliff. >> how close are we to a deal here? >> we shouldn't be waiting for people to cut deals in back rooms. american people ought to be able to watch the discussion and the debate. >> reporter: a connecticut lawyer is getting heavy criticism because he wants to sue the state over the newtown shooting. >> hello. we didn't do enough. this never should have happened. >>> colts' head coach makes it back to the sidelines three months after being diagnosed with cancer. >> the minute you get the diagnosis, you know, it's like getting hit across the head with a baseball bat. >>> kim kardashian and kanye west are expecting their first child. >> a little shocked. a little surprised. >> if there's no agreement by cliff, economists predict america will go back into a >> we don't want a howard dean sc reamscre. am. >> bungee jumping. >> we might need it. i might then and i might now. >>> i'm norah o'donnell with anthony mason. ch arlichare anlie d gaand yle gaylare e aroff.e off. o'donnell with anthony mason. charlie and gayle are we have
. >> congress goes back to work trying to avoid the fiscal cliff. >> how close are we to a deal here? >> we shouldn't be waiting for people to cut deals in back rooms. american people ought to be able to watch the discussion and the debate. >> reporter: a connecticut lawyer is getting heavy criticism because he wants to sue the state over the newtown shooting. >> hello. we didn't do enough. this never should have happened. >>> colts' head coach makes it...
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to avoid that fiscal cliff. as they missed the dead line income taxes will go up for all americans. >>> and officials in san francisco advising all new years eve party goers use mass transit. 250,000 people are expected to be at san francisco's fire works show on the waterfront. bart by the way is running trains every 20 minutes. they will also be offering service until 3:00 a.m.. muni is offering free rides beginning at 8:00 p.m.. >>> it is 6:46 in san jose. the investigation continues this morning into a fire that killed three people including a young child over the weekend. ktvu janine de la vega is in san jose and tells us the fire also left many people without a home. good morning, janine. >> reporter: good morning. i spoke to the red cross in the last hour. and they told me the electricity is still out here in a couple of the buildings and that is why they are helping house 47 adults and 26 children who were displaced by the fire. it started in that apartment that you see on the second story. it's all boar
to avoid that fiscal cliff. as they missed the dead line income taxes will go up for all americans. >>> and officials in san francisco advising all new years eve party goers use mass transit. 250,000 people are expected to be at san francisco's fire works show on the waterfront. bart by the way is running trains every 20 minutes. they will also be offering service until 3:00 a.m.. muni is offering free rides beginning at 8:00 p.m.. >>> it is 6:46 in san jose. the investigation...
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cliff today. washington still in deadlocked this morning. can a last-minute deal be reached? one source revealing this is how talks are really going. >>> and look at this. a rare fight caught on camera. two of the most gentle creatures on the planet breaking out in a wild showdown. giraffes. viciously attacking each other. does this battle all come down to a woman? >>> and we're counting down to the biggest party in the world.
cliff today. washington still in deadlocked this morning. can a last-minute deal be reached? one source revealing this is how talks are really going. >>> and look at this. a rare fight caught on camera. two of the most gentle creatures on the planet breaking out in a wild showdown. giraffes. viciously attacking each other. does this battle all come down to a woman? >>> and we're counting down to the biggest party in the world.
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still don't have a deal to avoid the fiscal cliff. kyla campbell reports we are just hours away from automatic tax increases and government spending cuts. >> reporter: frustration is hitting a speak this morning after talking stalled last night. the house and senate will get back to work over the next few hours. senators have been trying to come up with a deal but with no luck. new mitch mcconnell is negotiating with vice president joe biden. if political leaders can not come up with a plan by midnight tonight tax rates for all americans will increase. >> if there is an ultimate compromise, there will be parts of it i find disgusting and rep hencable which i may have to swallow in the name of finding a compromise. >> reporter: how will this effect you come tomorrow morning? if there is not a deal reach there won't be a drastic change in your next paychecks. if this plays out long-term the average american middle class family stands to lose out on $2,000 to $3,000 over the next year due to the increased taxes. live in washington kyla c
still don't have a deal to avoid the fiscal cliff. kyla campbell reports we are just hours away from automatic tax increases and government spending cuts. >> reporter: frustration is hitting a speak this morning after talking stalled last night. the house and senate will get back to work over the next few hours. senators have been trying to come up with a deal but with no luck. new mitch mcconnell is negotiating with vice president joe biden. if political leaders can not come up with a...
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have less than 17 hours to come up with a deal to prevent the country from going over the fiscal cliff. the house and senate convened for a rare sunday session but no deal yet. senate minority leader mitch is talking with joe biden to come up with a solution. if nothing is resolved by midnight tonight tax rates for all americans will increase. >> going to work with whoever. whoever can help. there ask no single issue that remains an impossible sticking point. >> if everyone is sincere in i saying they want the middle class to be protected, we can get a deal here. >> if congress doesn't immediate the midnight deadline lawmakers will have a grace period. so far the irs has not told employers to change the amount of income taxes they withhold from employees paychecks. with all the focus on the fiscal cliff. leaders from the house and senate agricultural committees agreed to a one-year extension of the expiring u.s. farm bill. so far there is no house vote scheduled. without passage of the bill milk prices could double. a gallon of milk could go up to $8 a gallon. >>> three people are reco
have less than 17 hours to come up with a deal to prevent the country from going over the fiscal cliff. the house and senate convened for a rare sunday session but no deal yet. senate minority leader mitch is talking with joe biden to come up with a solution. if nothing is resolved by midnight tonight tax rates for all americans will increase. >> going to work with whoever. whoever can help. there ask no single issue that remains an impossible sticking point. >> if everyone is...
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. >>> going over the fiscal cliff could be hours away. the countdown to the new year could bring economic gloom if congress doesn't get a compromised bill to the president before midnight toe without a deal tanks are set to go up for -- midnight tonight. without a deal taxes are set to go up for everybody. >> reporter: they will meet again i the tension is growing here in washington after the weekend talks failed to lead to a deal, if there is no breakthrough today, the country will go over the cliff. talks continue, this morning still no deal. >> further announcements perhaps at 11:00 in the morning, i hope so. >> reporter: republicans and democrats negotiated all weekend with the hope of passing legislation that would protect most from a massive tax hike set to kick in tonight midnight. >> the president: our top priority has to be to make sure that taxes on middle class families do not go up. >> reporter: there was optimism about a deal over the weekend when the republican leader in the senate, mcconnell made offer that ended when major
. >>> going over the fiscal cliff could be hours away. the countdown to the new year could bring economic gloom if congress doesn't get a compromised bill to the president before midnight toe without a deal tanks are set to go up for -- midnight tonight. without a deal taxes are set to go up for everybody. >> reporter: they will meet again i the tension is growing here in washington after the weekend talks failed to lead to a deal, if there is no breakthrough today, the country...
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. >> reporter: converses running out of time if before the economy will go over the fiscal cliff. they say that reaching a deal will not be easy. >> we cannot afford a politically self-inflicted wound to the economy. the people that you sent to washington half to do with their jobs. >> mitch mcconnell was are riding on capitol hill just hours before meeting with obama. >> we are going to see if we can get there in the next 24 hours. i am hopeful and optimistic. >> politicians on both sides have the responsibility but the president's tax hike will not do much to address the debt. >> the top 25 of american will not even pay one-third of the annual interest that is owed for this 16 trillion dollar debt. >> washington will return before the end of the year but they are likely to be burning the midnight oil. >>> we'll take a quick break on kron 4 news weekend. but first, let's take a live look outside at san francisco from our roof cam here on van ness avenue. let's take a quick look outside this morning at san francisco. outside this morning at san francisco. oh, you have a keurig vue
. >> reporter: converses running out of time if before the economy will go over the fiscal cliff. they say that reaching a deal will not be easy. >> we cannot afford a politically self-inflicted wound to the economy. the people that you sent to washington half to do with their jobs. >> mitch mcconnell was are riding on capitol hill just hours before meeting with obama. >> we are going to see if we can get there in the next 24 hours. i am hopeful and optimistic. >>...
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cliff." >> got to get a deal? >> hope so. >> reporter: behind closed doors, senate leaders are cobbling together a pared down agreement that at least protects the middle class from tax increases january 1. it won't address deficit resit, across-the-board spending cuts or other issues. in both party addresses, it's clear a big sticking point remains. >> it's a balanced plan one that would protect the middle class, cut spending in a responsible way, and ask the wealthiest americans to pay more. >> the president's tax hike would only fund the government for 8 days. americans deserve to know what is the president proposing we do for the other 357 days of the year? >> reporter: both the house and the senate will be in session tomorrow. the senate is expected to take the lead and vote on the scaled back bill. then send it to the house. as many americans brace for the worst, patience is running out. >> they're playing games with people's lives. and i don't think that's correct. >> reporter: even if congress manages to br
cliff." >> got to get a deal? >> hope so. >> reporter: behind closed doors, senate leaders are cobbling together a pared down agreement that at least protects the middle class from tax increases january 1. it won't address deficit resit, across-the-board spending cuts or other issues. in both party addresses, it's clear a big sticking point remains. >> it's a balanced plan one that would protect the middle class, cut spending in a responsible way, and ask the...
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we are >> time is winding down and still no deal to keep the country from falling off the fiscal cliff. with the deadline just three days away the president and congressional leaders met at the white house for more talks. stacey cohan has the latest period >> centers called for them not to meet on saturday. house speaker john boehner said that he would not bring anything to the table on to the talks are resumed. >> ordinary people do their jobs and they need their lives. they sit down and they discuss things and things happen. if they have disagreements in this sort through them. the notion that our leadership cannot do the same thing is mind- boggling to me. it needs to stop. >> the time now is seven 07 a.m.. we will be right back. ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] ♪ no more paper anything. safeway presents just for u. ♪ save more. save easier. saving more, starts now. just for u on the safeway app. >> take a look at wall street this morning. stocks ended the week yesterday on another down notes. invesinvestors-a given word about
we are >> time is winding down and still no deal to keep the country from falling off the fiscal cliff. with the deadline just three days away the president and congressional leaders met at the white house for more talks. stacey cohan has the latest period >> centers called for them not to meet on saturday. house speaker john boehner said that he would not bring anything to the table on to the talks are resumed. >> ordinary people do their jobs and they need their lives. they...
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. >> washington lawmakers are running out of time to reach a deal on the fiscal cliff. senate leaders are working on a last ditch agreement. they hope to vote as soon as tomorrow. both houses will reconvene tomorrow. some republicans suggest racing taxes for those earning at least a million, the president and democrats want increases on making more than $250,000 a year. >> we can't afford a politiclyself inflicted wound to the economy. the economy is growing but keeping that way means the folks you sent to washington have to do their jobs. >> the president said congress must meet the new year's deadline and pass a balanced plan. >> the president's proposal to raise taxes on the top 2% won't even pay one third of the interest that's owed on this 16 trillon dollar debt. >> ouri senator gave the gop address saying the president's tax hike would only fund the government for eight days. >> here is what could happen if no deal is reached. out of work americans will loose their extended benefits, california would be hit the hardest, 400,000 will loose benefits and the bay area
. >> washington lawmakers are running out of time to reach a deal on the fiscal cliff. senate leaders are working on a last ditch agreement. they hope to vote as soon as tomorrow. both houses will reconvene tomorrow. some republicans suggest racing taxes for those earning at least a million, the president and democrats want increases on making more than $250,000 a year. >> we can't afford a politiclyself inflicted wound to the economy. the economy is growing but keeping that way...
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. >> you think about the fiscal cliff and they talk about, okay we're going to get a deal done and it might not be perfect. but you definitely don't expect the price of milk to double. >> the risk of this happening is quite slim. >> reporter: experts down play the dairy cliff. >> dairy producers would love to get twice as much for their milk but it ain't going to happen for a few months. >> reporter: because they say the agriculture department would stall it until congress finally acts. >> we're definitely concerned and we keep our eyes on the market. >> but for businesses like benton's dependent on dairy, even the thought of a price hike sends shivers. >> are these going to escalate as well? i'm sure. >> reporter: ice crime lovers joked, that gave them a good reason to eat more now. 1849 quotas will kick in for spring crops but milk is the most pressing issue because it's year round. debora villalon. >>> an update that we first brought you last night about a shooting in the parking lot of the bay point b.a.r.t. station. the victim an 18-year-old richmond man was driving a white toyot
. >> you think about the fiscal cliff and they talk about, okay we're going to get a deal done and it might not be perfect. but you definitely don't expect the price of milk to double. >> the risk of this happening is quite slim. >> reporter: experts down play the dairy cliff. >> dairy producers would love to get twice as much for their milk but it ain't going to happen for a few months. >> reporter: because they say the agriculture department would stall it until...
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. >> you think about the fiscal cliff and they talk about, okay we're going to get a deal done and it might not be perfect. but you definitely don't expect the price of milk to double. >> the risk of this happening is quite slim. >> reporter: experts down play the dairy cliff. >> dairy producers would love to get twice as much for their milk but it ain't going to happen for a few months. >> reporter: because they say the agriculture department would stall it until congress finally acts. >> we're definitely concerned and we keep our eyes on the market. >> but for businesses like benton's dependent on dairy, even the thought of a price hike sends shivers. >> are these going to escalate as well? i'm sure. >> reporter: ice crime lovers joked, that gave them a good reason to eat more now. 1849 quotas will kick in for spring crops but milk is the most pressing issue because it's year round. debora villalon. >>> an update that we first brought you last night about a shooting in the parking lot of the bay point b.a.r.t. station. the victim an 18-year-old richmond man was driving a white toyot
. >> you think about the fiscal cliff and they talk about, okay we're going to get a deal done and it might not be perfect. but you definitely don't expect the price of milk to double. >> the risk of this happening is quite slim. >> reporter: experts down play the dairy cliff. >> dairy producers would love to get twice as much for their milk but it ain't going to happen for a few months. >> reporter: because they say the agriculture department would stall it until...
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. >>> an agreement to the fiscal cliff now appears up to mitch mcconnel and harry reed. while the president said the meeting was constructive he added if congress can't reach a deal he will ask senator reed to at least propose a basic package. >> one that protects the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job. and lays the ground work for future corporation by more economic growth and deficit reduction. >>> with no agreement on the fiscal cliff extended unemployment benefits expire tomorrow for 24,000 unemployed californians. one woman says she's been out of work for two years. she said if it weren't for the long term unemployment benefits she doesn't know how she would get by. >> not being able to put food on table. not being able to pay my bills. >> those individuals and families are on their own to figure out how they're going to have an income until they have go on and have a job again. >> reporter: 1.2 million americans could lose their extended unemployment benefits nationwide
. >>> an agreement to the fiscal cliff now appears up to mitch mcconnel and harry reed. while the president said the meeting was constructive he added if congress can't reach a deal he will ask senator reed to at least propose a basic package. >> one that protects the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job. and lays the ground work for future corporation by more economic growth and...
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cliff to deal with with fiscal cliff. >> reporter: lawmakers are talking about how to retroactively avoid going off the fiscal cliff on a new congress. >>> the fiscal cliff debate is impacting people here in the bay area who's lives could dramatically change as soon as tomorrow. tom vacar is live at a highway work site in oakland and has the story of one woman and her looming fear. tom-- >> reporter: the people who work here are well paid and they're onvacaon. but for other people, the fiscal cliff might as well be a financial guillotine. though ilea thomas searches, she's been out of work for two years picking up any odd jobs as much as she can. >> it's been discouraging. i come in here three times a week and maybe i'll go to a friend's house and use their internet to look for work. >> reporter: long term unemployment benefits have been a life send. >> i can breathe a little while i'm looking for work. even though it's not the same amount that i was getting when i was working. >> but thomas is one of 400, 400,000 californians who will not be able to get medicare payments tomorrow.
cliff to deal with with fiscal cliff. >> reporter: lawmakers are talking about how to retroactively avoid going off the fiscal cliff on a new congress. >>> the fiscal cliff debate is impacting people here in the bay area who's lives could dramatically change as soon as tomorrow. tom vacar is live at a highway work site in oakland and has the story of one woman and her looming fear. tom-- >> reporter: the people who work here are well paid and they're onvacaon. but for other...
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saying the hour for immediate action is here" to avoid the fiscal cliff. if there's no deal by midnight december 31st. there will be automatic tax increases and spending cuts. we'll have more from our political analyst in a minute - but first. kron 4's justine waldman is back with more on our developing story. >> reporter: after meeting with bi-partisan leaders friday, the president said no one will get 100-percent of what they want. he said if congress can't reach a deal. congress should allow a vote on a basic package that would preserve tax cuts for middle-class americans, >> i am optimistic that we can still pass a deal in both houses in time, mitch mcconnell, and harry reid are working on an agreement as we speak >> i have my confidence destroyed on other occasions and so i hope it is not on this occasion the timing, we have to do it now that is what the next 24 hours will be very important. >> we had a good meeting in the white house we are engaged in discussions with the majority, the leader and myself in hopes that we can come forward as early as s
saying the hour for immediate action is here" to avoid the fiscal cliff. if there's no deal by midnight december 31st. there will be automatic tax increases and spending cuts. we'll have more from our political analyst in a minute - but first. kron 4's justine waldman is back with more on our developing story. >> reporter: after meeting with bi-partisan leaders friday, the president said no one will get 100-percent of what they want. he said if congress can't reach a deal. congress...
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happening right now the president is meeting with congressional leaders about the fiscal cliff. what other lawmakers are saying about the lack pouf of progress on a deal. >> steve paulson will be up in a few minutes to tell you about the light rain moving this way and what you can expect in your neighborhood over the weekend. >>> 100 years of muni, we will show you footage from the early days. [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you get reliable, high speed internet on our advanced digital network. choose
happening right now the president is meeting with congressional leaders about the fiscal cliff. what other lawmakers are saying about the lack pouf of progress on a deal. >> steve paulson will be up in a few minutes to tell you about the light rain moving this way and what you can expect in your neighborhood over the weekend. >>> 100 years of muni, we will show you footage from the early days. [ female announcer ] this is a special message from at&t. [ male announcer ] it's...
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it's a sign of what is to come if no fiscal cliff deal is reached and automatic income tax increases and government spending cuts go into effect in four days. meanwhile the president called a top four congressional leaders to meet with them at the white house later today with the hopes they can avoid this potential crisis. and in a somewhat surprising move top republican signaled he might be willing to compromise more on that when i see you next. >>> only on 2 in the north bay search teams are using a new technology to try to find a man who jumped the court me terra creek during a police chase. anthony donaldson was swept away on monday. he jumped into the creek to avoid a drunk driving test. >> really what it is it's the difference between the televisions we had years ago and newer digital tvs we have nowadays. a much sharper, clearer picture. imagery is much more defined than it was before. >> marin county is borrowing the video ray from contra costa county. they bought it from antiterrorism funds. >>> police in vacaville are asking for the public's help in finding a 56-year-old wo
it's a sign of what is to come if no fiscal cliff deal is reached and automatic income tax increases and government spending cuts go into effect in four days. meanwhile the president called a top four congressional leaders to meet with them at the white house later today with the hopes they can avoid this potential crisis. and in a somewhat surprising move top republican signaled he might be willing to compromise more on that when i see you next. >>> only on 2 in the north bay search...
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they're not --you know, they are waiting to see what's going to happen with the "fiscal cliff." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the se
they're not --you know, they are waiting to see what's going to happen with the "fiscal cliff." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and...
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cliff" deal is in sight. sunday the house has been called to an unusual session just in case an agreement is not reached. >>> a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board said on thursday its consumer price index fell sharply in december for the second consecutive month. >>> a potential strike by dock workers along the east coast and gulf coast threatens to cost the nation's economy billions. more than 14,000 longshoremen are ready to strike sunday. a walkout would shut ports from boston to houston. those ports move as much as 100 million tons of goods each year including everything from flat screen tvs, sneakers and snow shovels. >>> ski world entertainment plans to become a publicly traded company. the company's three parks are known for their water shows with killer whales. it earned $86 million during the first nine months of this year. seaworld's other property including two busch gardens parks and sesame place in p
cliff" deal is in sight. sunday the house has been called to an unusual session just in case an agreement is not reached. >>> a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board said on thursday its consumer price index fell sharply in december for the second consecutive month. >>> a potential strike by dock workers along the east coast and gulf coast threatens to cost the...
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cliff. president obama cut short his hawaii vacation to return to washington. coming up at 5:15 the odds they will be able to come up with a deal were january 1st. >>> the contra costa fire distribution has put together a meeting to discuss the closing of five district stations. they are in clayton, lafayette, martinez. the first meeting is on january 7th in lafayette. we have posted a list of times and locations of those meetings. >>> the brawl that caused wide spread panic in a san francisco mall led to a loss in post christmas sales for business. they ran from the mall when they heard a noise that sounded like gunshots. police arrested three people. all the commotion led to a lock down and likely kept thousands of post christmas shoppers out of the mall. there is no estimate on how much money businesses lost but analyst tell the sacramento breeze it's like -- sacramento bee it's likely a significant amount. >>> janine de la vega is live for us in cupertino this morning. one of the places
cliff. president obama cut short his hawaii vacation to return to washington. coming up at 5:15 the odds they will be able to come up with a deal were january 1st. >>> the contra costa fire distribution has put together a meeting to discuss the closing of five district stations. they are in clayton, lafayette, martinez. the first meeting is on january 7th in lafayette. we have posted a list of times and locations of those meetings. >>> the brawl that caused wide spread panic...
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cliff. the president returned early from his hawaii vacation. house speaker john boehner has called members of the house back to washington. >>> members of the northeast are still dealing with the aftermath because of a powerful storm. the deaths of more than a disease people in several states are now being blamed on that storm. >>> today state senator jerry hill will introduce a bill he hopes will cut the number of drunk drivers on the roads. he wants to acquire drunk driving offenders to install drunk driving equipment in their car after their second offense. more than a quarter of all drunk driving convictions are for repeat offenders. >>> the california highway patrol is out checking for people celebrating the new years holiday a little too much. they operated a dui check point last night and early this morning. they seldom make a drunk driving arrest at check points. state officials say nearly one- third of all fatal accidents are drunk driving related. >>> the agency is offering free r
cliff. the president returned early from his hawaii vacation. house speaker john boehner has called members of the house back to washington. >>> members of the northeast are still dealing with the aftermath because of a powerful storm. the deaths of more than a disease people in several states are now being blamed on that storm. >>> today state senator jerry hill will introduce a bill he hopes will cut the number of drunk drivers on the roads. he wants to acquire drunk driving...
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economy will grow over the so-called " fiscal cliff. " that's when automatic tax increases and spending cuts could take effect. retain a deal before then will not be easy. because right now, both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of a house representatives are watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. i told the president that i would be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline here and as i said this is a conversation we should have made months ago. democrats want to extend the bush era tax cuts to everyone except those americans making too much and $50,000 or more a year. many republicans remain against any tax increases. >> former president george h. w. bush is still in intensive care at a hospital in houston. the former president's family is confident that he will be out of i see you soon. if the former president's chief of staff since supporters a note yesterday including this
economy will grow over the so-called " fiscal cliff. " that's when automatic tax increases and spending cuts could take effect. retain a deal before then will not be easy. because right now, both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of a house representatives are watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. i told the president that...
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cliff. we're just five days until the country tumbles into automatic tax hikes and spending cuts. the president has scheduled a meeting tomorrow with congressional leaders. cbs 5 reporter danielle nottingham on efforts to break the jam in washington. >> reporter: top congressional leaders are expected to meet with president obama at the white house friday. this would be the group's first face-to-face meeting since november 16, and a last-minute chance to avoid the so-called fiscal cliff. if no deal is reached, taxes will go up for nearly every american. senators reconvened thursday with tensions spilling over onto the floor. each side accused the other of stalling. >> speaker boehner is unwilling to negotiate. we've not heard a word from mcconnell. nothing is happening. >> the phone never rang. and so now here we are, five days from the new year. and we might finally start talking. >> reporter: senate majority leader harry reid skewered house speaker john boehner, charging he's more interest
cliff. we're just five days until the country tumbles into automatic tax hikes and spending cuts. the president has scheduled a meeting tomorrow with congressional leaders. cbs 5 reporter danielle nottingham on efforts to break the jam in washington. >> reporter: top congressional leaders are expected to meet with president obama at the white house friday. this would be the group's first face-to-face meeting since november 16, and a last-minute chance to avoid the so-called fiscal cliff....
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rebounded today on news that the house would reconvene on the fiscal cliff after diving more than 150 points the dow bounced back to lose only 18 points. it was the fourth straight day of losses. >> i don't know there's a word to describe how -- the public is going to be. >> why california is going to take an extra hit if we go over the fiscal cliff. >>> new at 10:00, a man was critically wounded at a shooting in an east b.a.r.t. station. it happened this afternoon at the bay point station. service was interrupted for some time while police searched if station but they did not turn up a suspect. the victim only described as a male was taken to the hospital with what is being called serious injuries. >>> 1,170 people were arrested for dui statewide compared to 1,080 in 1990. in the bay area 165 people have been arrested for dui and there have been three fatal collisions. last year there were 188 arrests and no fatalities. >>> happening now, matt keller is live in fremont where a dui checkpoint is currently on the way. >> this checkpoint has been going on here on fremont boulevard for a
rebounded today on news that the house would reconvene on the fiscal cliff after diving more than 150 points the dow bounced back to lose only 18 points. it was the fourth straight day of losses. >> i don't know there's a word to describe how -- the public is going to be. >> why california is going to take an extra hit if we go over the fiscal cliff. >>> new at 10:00, a man was critically wounded at a shooting in an east b.a.r.t. station. it happened this afternoon at the...
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Dec 28, 2012
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cliff. with just five days until the country tumbles into automatic tax hikes and spending cuts the president has scheduled a meeting. danielle nottingham on the efforts. >> reporter: top congressional leaders are expected to meet with president obama at the white house friday. this would be the group's first face to face meeting since november 16th and a last minute chance to avoid the so-called fiscal cliff. if no deal is reached taxes will go up for nearly every american and harsh spending cuts will kick in on january 1st. senators reconvened on thursday with tension spilling over on to the floor. >> speaker boehner is unwilling to negotiate. there's nothing happening. >> the phone never rang and so now here we are five days from the new year and we might finally start talking. >> reporter: senate majority lyddite harry reid skewered house speaker john boehner, charging he's more interested in his leadership position than in bipartisan legislation. >> the speaker's number one goal is to g
cliff. with just five days until the country tumbles into automatic tax hikes and spending cuts the president has scheduled a meeting. danielle nottingham on the efforts. >> reporter: top congressional leaders are expected to meet with president obama at the white house friday. this would be the group's first face to face meeting since november 16th and a last minute chance to avoid the so-called fiscal cliff. if no deal is reached taxes will go up for nearly every american and harsh...
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rebounded today on news that the house would reconvene on the fiscal cliff after diving more than 150 points the dow bounced back to lose only 18 points. it was the fourth straight day of losses. >> i don't know there's a word to describe how -- the public is going to be. >> why california is going to take an extra hit if we go over the fiscal cliff. >>> new at 10:00, a man was critically wounded at a shooting in an east b.a.r.t. station. it happened this afternoon at the bay point station. service was interrupted for some time while police searched if station but they did not turn up a suspect. the victim only described as a male was taken to the hospital with what is being called serious injuries. >>> 1,170 people were arrested for dui statewide compared to 1,080 in 1990. in the bay area 165 people have been arrested for dui and there have been three fatal collisions. last year there were 188 arrests and no fatalities. >>> happening now, matt keller is live in fremont where a dui checkpoint is currently on the way. >> this checkpoint has been going on here on fremont boulevard for a
rebounded today on news that the house would reconvene on the fiscal cliff after diving more than 150 points the dow bounced back to lose only 18 points. it was the fourth straight day of losses. >> i don't know there's a word to describe how -- the public is going to be. >> why california is going to take an extra hit if we go over the fiscal cliff. >>> new at 10:00, a man was critically wounded at a shooting in an east b.a.r.t. station. it happened this afternoon at the...
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they and president obama still hope a deal to avoid the "fiscal cliff" can be reached. but democrats and republicans are stil at odds over tax hikes on the wealthy. a woman makes a 9-1-1 for call for help that ends in a deadly confrontation between an armed man and walnut creek police. the officer involved shooting took place on the 1400 block of creekside drive just after 3am thursday morning.no officers were injured. the man who was shot by officers died at the scene. he has been identified as 22-year-old anthony banta jr. the incident has rattled residents in the area. >> i have been here for three years. i thought that walnut creek was one of the safest places to be. i thought that could could have never happened. >> unbelievable. >> scary. >> right on the road from where i live. >> just a couple of doors down. >> if it could happen anywhere. >> everybody is shaken up and a state of shock they thought that it could not happen here. >> i walked out and saw the police tape and i thought it was a joke. my wife commented and i could not believe it. >> grant: the contra
they and president obama still hope a deal to avoid the "fiscal cliff" can be reached. but democrats and republicans are stil at odds over tax hikes on the wealthy. a woman makes a 9-1-1 for call for help that ends in a deadly confrontation between an armed man and walnut creek police. the officer involved shooting took place on the 1400 block of creekside drive just after 3am thursday morning.no officers were injured. the man who was shot by officers died at the scene. he has been...
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the "fiscal cliff." before flying home from hawaii, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night.
the "fiscal cliff." before flying home from hawaii, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their...
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the "fiscal cliff." president obama is supposed to meet with congressional leaders tomorrow. cbs reporter danielle nottingham is in washington and danielle, how's it looking? >> reporter: well, elizabeth, there was not a lot of optimism on capitol hill today. both senate leaders admitting that congress is facing a hard deadline while at the same time, blaming each other for not having a deal in place by now. president obama cut short his holiday vacation and returned to the white house to work on a deal to avoid the "fiscal cliff." before flying home from hawaii, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democra
the "fiscal cliff." president obama is supposed to meet with congressional leaders tomorrow. cbs reporter danielle nottingham is in washington and danielle, how's it looking? >> reporter: well, elizabeth, there was not a lot of optimism on capitol hill today. both senate leaders admitting that congress is facing a hard deadline while at the same time, blaming each other for not having a deal in place by now. president obama cut short his holiday vacation and returned to the...
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. >>> well, today on ktvu channel 2 news at 5:00, continuing coverage over that fiscal cliff crisis, more on that plus what happens to your paycheck and your monthly income if lawmakers fail to make a deal by january 1st. >>> thanks for trusting ktvu channel 2 news, we are going to see you the next time news breaks also we are always here for you on ktvu.com and mobile ktvu.com, have a great thursday everyone. send comments to comments@captioncolorado.com captions by terry james, caption colorado, llc. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed internet with more speed options, reliability and wi-fi hot spots than ever. call at&t now to get u-verse high speed internet for as little as $14.95 a month for 12 months with a one-year price guarantee. it's the fastest internet for the price. our newly expanded advanced digital network gives you more of what you enjoy online. and with at&t, our wireless gateway turns your home into a private wi-fi hot spot that co
. >>> well, today on ktvu channel 2 news at 5:00, continuing coverage over that fiscal cliff crisis, more on that plus what happens to your paycheck and your monthly income if lawmakers fail to make a deal by january 1st. >>> thanks for trusting ktvu channel 2 news, we are going to see you the next time news breaks also we are always here for you on ktvu.com and mobile ktvu.com, have a great thursday everyone. send comments to comments@captioncolorado.com captions by terry...
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they are hoping to strike a deal and avoid the fiscal cliff. we are in washington where some republicans are pessimistic an agreement can be reached. >> reporter: the senate majority leader is on the floor right now. we will take a live look at the capitol. he is trying to get republican support for the latest democratic plan. they got back to work about 15 minutes ago and are considering the president's offer to raise taxes on households making $400,000 or more a year. even if it passes the senate he is concerned about the house where he will need about 30 republicans to cross party lines. the house speaker said he is not making members of the house come back from their break without a 48 hour notice on a vote. in the last -- >> american people i don't think understand the house is operating without the house of house. its being operated with a dictatorship of the speaker. >> reporter: on top of this the treasurey department said the united states will hit its debt ceiling on monday and unless it takes extraordinary measures the country could
they are hoping to strike a deal and avoid the fiscal cliff. we are in washington where some republicans are pessimistic an agreement can be reached. >> reporter: the senate majority leader is on the floor right now. we will take a live look at the capitol. he is trying to get republican support for the latest democratic plan. they got back to work about 15 minutes ago and are considering the president's offer to raise taxes on households making $400,000 or more a year. even if it passes...